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    1510 Covington Ave Piqua, OH 45356

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    For Lease
    Contact for pricing

    20,000+ SF Retail, Multiple Units

    Lot size:
    20,109 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 1510 Covington Ave in Piqua, Ohio, offers a total of 20,109 square feet of space currently available for lease. Situated on a 0.6-acre lot in Miami County (zip code 45356), this multi-tenant building presents a unique opportunity for businesses seeking flexible space options. The property is categorized as commercial retail and allows for multiple tenants. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 9,000 square feet, providing versatility for various business needs. The entire 20,109 square feet is currently vacant, offering a blank canvas for a new retail development or the expansion of an existing business. This prime location in Piqua offers excellent visibility and accessibility, making it an ideal spot to establish or grow a retail presence. The property's size and layout provide ample opportunity for customization to suit specific tenant requirements. Interested parties are encouraged to inquire about lease terms and explore the possibilities this exceptional retail space offers. The property is conveniently located in Piqua, Ohio, offering easy access to local amenities and transportation routes.

    Property Features for 1510 Covington Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,109 SF

    Unit(s) available at that property

    Space
    Suite 3
    Size
    9,000 SF
    Space
    Suite 6
    Size
    2,000 SF
    Space
    Suite 12
    Size
    1,200 SF
    Space
    Suite 1
    Size
    7,909 SF
    Space
    Outparcel
    Size
    0 SF

    HighLights

    • Grocery‑anchored shopping center with 89% occupancy.
    • 1.6 million annual visits.
    • Strong national tenant mix including Kroger, Roses, McDonald's, AutoZone, and East of Chicago Pizza.
    • 0.60‑acre outparcel available for sale or ground lease.
    • High visibility on US 36/Covington Avenue, with over 10,000 vehicles per day.
    • Adjacent to Hartzell Propeller, a major Piqua employer (268 employees).
    Property Profile Location Intelligence

    Current Use by Public Records

    Kroger Deli Deli Kroger Floral Florist Coinstar Kiosk | Bitcoin ... Atm MoneyGram Money Transfer Service SNOWFOX Sushi Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Piqua
    County
    Miami
    State
    Ohio
    Longitude
    -84.2644103
    Latitude
    40.1423566

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    FAQs

    What type of property is this?
    Retail property - 20,000+ SF Retail, Multiple Units
    Where is this retail property located?
    The property is located at 1510 Covington Ave Piqua, OH.
    What are key features of this property?
    This property features: Grocery-anchored shopping center with 89% occupancy.; 1.6 million annual visits.; Strong national tenant mix including Kroger, Roses, McDonald's, AutoZone, and East of Chicago Pizza.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1510 Covington Ave Piqua, OH 45356
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